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Veteran’s Day 2015 has come and gone for another year but one appraisal industry company is galvanizing resources to help create a lasting benefit for at-risk men and women who served our country in the armed forces.
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The AMC and the lender have an appraisal report with its adjustments taken from the market rather than from the pages of a cost manual or some other occult place polite people don't mention.
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Lake appraisal, by its very nature, is complex. There is a lot that needs to be considered, and different areas of the country face different influences.
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In the new world of Collateral Underwriting, here are a few things you need to consider if you hope to continue to make a living as a real estate appraiser who works primarily for AMCs.
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With lenders now having such a powerful analytical tool directly at their disposal, the big questions for appraisers is how this is going to change the appraisal process.
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Here is a snippet from a Collateral Underwriter report sent to a lender (not the appraiser). Take a good look at it. Few appraisers EVER see a report like this.
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With the AQM system now fully operational, many appraisers fear that placement on such a list can be a career death sentence, since lenders will be wary of using an appraiser whose work has been flagged by Fannie.
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